Purchasing A New Construction Home

Building a home from the ground up can be very exciting.  New construction allows you to make every choice and decision that involves your new home from flooring materials to the backsplash tiles.  It can be slightly overwhelming so it is important not to get too caught up in the little decisions and that you focus on what is really important in the new home construction process.

In new construction it is important to make sure that the home is inspected every step of the way.  You as the home owner will want to follow up with the builder on how any issues with the inspection process will be remedied.  When looking to buy a new construction home to avoid issues with your new home down the road.

Research buying new construction how you would research any major purchase.  Ensure that the developer and builder are in good standing with the state and local builder’s guilds.  You do not want to work with a contractor or developers that have pending complaints or judgments.  Ask about independent subcontractors they hire to work on your home. Take time to verify all licenses and construction bonds as well.  Know the amount of insurance they carry along with the amount they are bonded for.

It is important to hire a real estate agent when building a new home.  Don’t assume that the in house sales agent will assist you and guide you through the process.  Those sales agents work on behalf of the seller of the new construction homes.  They represent the developer’s best interests not the home buyer.  This is where is pays to have a real estate agent working on your behalf. 

Check the fine print throughout purchase contracts as they differ greatly from states to state.  Real estate documentation differs.  Have a real estate attorney review any and all documentation before you sign it.  A builder’s contract usually represents the builder and contractor, not the buyer.  You will want to make sure that addendums can be added to keep you protected during the phases of building and purchasing your new construction home.  Have an understanding of what is covered under the builder’s warranties and what is not. 

Don’t assume anything is included.  Many model homes within new construction homes are built with all the bells and whistles.  Avoid making the mistakes that many people viewing the model do.  Assume that the cost of the home includes nothing.  Ask for a detailed list of what the model home includes that is not included in the price of the basic new construction home you are purchasing.  Model units often include high end lighting features, upgraded trim, architectural detailing and upgraded appliances.  These all make the unit more attractive to buyers.  Even the height of the doors and ceiling should be in writing as the model often has these enhanced features.

A home inspection is recommended even when purchasing a new construction home.  Mistakes can be made by contractors and it is important to ensure the home is in proper order before it is yours.  Not all new construction homes offer warranties or guarantees on the work that is done.  Inspections should be done throughout the home by an independent inspector to ensure the home is up to code throughout.

Before you close on your newly constructed home you should walk through the space with the builder.  During this time you can point out defects in the home that were established in the contract and that need to be repaired before the closing.  Never close on a newly constructed home without this final walk through.  Once you have closed and signed the official documentation the home is officially yours and the builder is off the hook for any and all fixes that were included in the original contract.  

Aspen Construction is an innovative building leader specializing in home additions, new construction, bathroom and kitchen remodeling.  For all of your home improvement needs including electrical services contact us today at http://www.aspencoinc.com/.

Considerations With New Construction

Building a home from the ground up is a dream that many homeowners have.  With new construction homeowners can design the perfect home to include all of the special features, colors, materials and such that they have always wanted.  As fantastic as all of it sounds the truth is that building a new home come with its own special set of difficulties.  Before you decide to build a new home or to start searching local real estate for an existing home consider the points within this article.  New construction is a process that occurs over time; it is important to know what you are getting yourself into before signing on the dotted line.

With new construction, homeowners must be involved in the design process.  For some this is a win-win situation while others may find this a time consuming daunting task.  Consider the time commitment that you have to give to building a new home.  Will you have time to look into cabinets, flooring, fixtures, paint and more?  New construction offers the opportunity to customize each and every detail.  Is this something you are ready to commit to?

With a new construction home you will be the first person to live in the space.  This is considered a benefit for many.  However it is important to consider that you will also be the first person to discover and repair issues within the home.  In order to safe guard yourself against any installation and construction issues have the home inspected by a licensed home contractor before signing off on the new construction.  The same is true of buying an existing home. It is crucial that you are aware of any issues that may arise and able to address the repairs before the home is officially yours. 

Another consideration is the amount of time it takes to build a custom home.  Depending on the location and climate the process can take anywhere between three to six months from start to finish.  Do you have that kind of time to wait?  Consider the amount of time it will take to sell your current home.  Are you moving to a completely new area?  Will you be able to find something to rent if the home is not completed on time?  Where will you store your belongings until your new home is finished?

When you purchase an existing home you already know that cost of the home.  With new construction the cost is ever changing.  Each custom feature comes at a price.  Part of the new construction process is negotiating all of the extras as you proceed through the project.  You will need to stay on top of the additional material and labor fees throughout the process to ensure that you are staying within a set budget.  It is important that you get what you pay for.  The responsibility of making sure this occurs falls on your shoulders.

After you have considered the myriad of possibilities involved in new construction do you feel comfortable tackling the challenges of new construction?  Many people believe the extra effort involved throughout the process of building a custom home is all worth it in the end.  At the end of the day they have constructed an environment that is customized to their exact wants and needs.

Aspen Construction is an innovative building leader specializing in home additions, new construction, bathroom and kitchen remodeling.  For all of your home improvement needs including electrical services contact us today at http://www.aspencoinc.com/.